24/4/2025, 11:07:02 am

Samhi Hotels shares surge 7%, GIC to acquire ₹752 cr stake in subsidiaries

Samhi Hotels' shares rose nearly 7% after announcing a strategic partnership with GIC, which will acquire a 35% stake in subsidiaries owning luxury hotels in Bengaluru and Pune for Rs 752 crore. The deal will reduce Samhi's debt by Rs 580 crore, improving net profit by 15-20% and enhancing its financial health.